Tag: finance
Dutch plan to counter ‘tax haven’ reputation
The Dutch ministry of finance unveils plans to challenge the country’s status as a tax haven by targeting loopholes for royalty payments.
Share buybacks: a question of governance?
The UK government is investigating share buybacks, but could capital allocation be a subject for more disclosure and the corporate governance code?
Want gender diversity on corporate boards? Try a diversity of tactics
Pushing a particular formula for getting more women onto boards is a surefire way to narrow the conversation and slow progress, argues Catherine Banat.
Activist investors: the corporate world’s new fixture
Boards beware: as investor activism becomes more prevalent, directors would do well to prepare for the worst—an issue that few companies have properly considered.
Money Laundering Directive bolstered to tackle terrorist financing
EU bodies have released plans for further changes to the EU’s anti-money laundering framework, in response to the increased threat from terrorism in Europe.
‘Communication gap’ found between audit committee chairs and auditors
Audit committee chairs must push for more audit materiality information; auditors must be more transparent; and investors must understand the process better, says the Financial Reporting Council.
Investment consultants warned of climate change risks
Pressure group ClientEarth warns investment consultants that they could be running legal risks if they fail to properly integrate climate change risk into their advice.
Investors seek more ‘comprehensive information’ on risks
Financial Reporting Lab reveals that risk reporting has improved but investors want to know whether disclosed risks are general or “specific” to the company.
Big Four accounting firms face £10m in fines for faulty audits
Report from accounting watchdog proposes lifting the maximum fines for Big Four audit firms to £10m or more in cases involving “seriously poor audit work”.
Mitie’s financial reporting falls under further scrutiny
Financial statements from outsourcing firm Mitie for the year ending 31 March, 2016, are under investigation again by corporate reporting watchdogs.